• Lanka apparel exporters log on live to global Asycuda network

    01/08/2013 Asian Tribune

    02/01/2017
    Lanka apparel exporters log on live to global Asycuda network

    Rishad Bathiudeen (Minister of Industry and Commerce-centre) and Anura Siriwardena (Secretary, Ministry of Industry & Commerce-right) prepare to launch Sri Lanka's log on to Asycuda World on 30 July at the Ministry of Industry & Commerce, Colombo.

    Sri Lanka’s non-BoI apparel exporters have been now integrated to the crucial global network called Asycuda World (of UNCTAD). And having overcome the global recession, our apparel exports are now back on track-with good news. “Today, Sri Lanka’s apparel sector is entering into a new phase.

    As a result of Sri Lanka’s non-BoI apparel manufacturers directly integrating into the online ‘Asycuda World’ system, we have now cleared a major bottleneck in our apparel exports” announced Rishad Bathiudeen, Minister of Industry and Commerce on 30 July in Colombo. Minister Bathiudeen was addressing the implementation event of the Asycuda World export documentation system for non-BoI apparel exporters held 30 July at the Ministry of Industry and Commerce.

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  • Govt. grants tax incentives to port users, enterprises to boost exports

    31/07/2013 Daily Mirror

    02/01/2017
    Govt. grants tax incentives to port users, enterprises to boost exports

    President Mahinda Rajapaksa who is also the country’s Finance Minister has declared Sri Lanka’s four main ports, Colombo, Hambantota, Trincomalee and Galle as ‘Free Ports’.

    Additionally, the President declared the Mattala Rajapaksa International Airport, the Katunayake Export Processing Zone and Koggala Export Processing Zone as ‘Bonded Areas’.

    The declaration entitles enterprises which are 65 percent foreign-owned and operating through the specified areas to wide tax exemptions including provisions under the Customs Ordinance and Exchange Control Act.

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  • Despite drawbacks, exports up in June: Mr. Bandula Egodage

    30/07/2013 Lanka Business Today

    02/01/2017
    Despite drawbacks, exports up in June: Mr. Bandula Egodage

    Despite the drawbacks of the anticipated economic recovery in the European Union and the United States not taking place and also the unsettled conditions in the Middle East, there has been a commendable increase in the country’s export earnings in June this year, said Bandula Egodage, Chairman and Chief Executive of the Sri Lanka Export Development Board .

    Addressing the 16th annual general meeting of the Exporters’ Association of Sri Lanka as the guest of honour, Egodage said that according to provisional Customs data, Sri Lanka’s export earnings had recorded a commendable increase in June this year and exports to our key markets USA and EU, especially to the USA, had also shown a satisfactory increase in the same month.

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  • FACETS Sri Lanka to take centre stage for 23rd year

    25/07/2013 Lanka Business Today

    02/01/2017
    FACETS Sri Lanka to take centre stage for 23rd year

    FACETS Sri Lanka 2013, the International Gem and Jewellery Show that showcases hundreds of local and foreign exhibitors, will be held from August 29 to September 1 at the Sirimavo Bandaranaike Memorial Exhibition Centre. This year’s exhibition will comprise over 150 booths with a variety of gem and jewellery that include precious and semi-precious gems.

    Organized by the Sri Lanka Gem and Jewellery Association (SLGJA), FACETS Sri Lanka enables all gem and jewellery traders to display market collections and also help create awareness about the importance of the gem and jewellery industry in Sri Lanka. Additionally, the event will consist a seminar on 'Gem and Jewellery in Sri Lanka' conducted by an expert panel of local and International panelists.

    FACETS Sri Lanka 2013 encompasses individual exhibitor pavilions from Myanmar, The National Gem and Jewellery Authority (NGJA) and an SME pavilion from the Sri Lanka Export Development Board (EDB) . In addition, buyer delegations from USA, China, Russia and India will also be arriving. Stall holders from Singapore, Dubai, Myanmar and India will be participating at the event.

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  • Sri Lanka InfoTech, firms in fast growth: industry chamber

    25/07/2013 Lanka Business Online

    02/01/2017
    Sri Lanka InfoTech, firms in fast growth: industry chamber

    Sri Lanka's information technology and business process outsourcing sector has tripled exports and doubled the workforce in a little over five years, an industry official said.

    The Sri Lanka Association of Software and Services Companies (SLASSCOM) say export revenues grew 182 percent to an estimated 600 million US dollars in 2013 from 213 million US dollars in 2007.

    Total employment in the industry rose 100 percent to 67,000 in 2013 from 33,000 in 2007, the chamber's newly elected chairman Madu Ratnayake, from Virtusa, an information technology company said.

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  • Morocco looking for more trade, JVS with Sri Lanka

    24/07/2013 Daily Mirror

    02/01/2017
    Morocco looking for more trade, JVS with Sri Lanka

    Morocco has shown keen interest to boost trade and industrial cooperation with Sri Lanka.

    “We need to expand our bilateral trade as well as our industrial cooperation. Investors from both countries can also enter into joint ventures in many sectors; we are strong in rubber and fishery -technologies that Sri Lanka can benefit from us considerably,” said Moroccan Ambassador to Sri Lanka, Larbi Reffouch during his recent meeting with Industry and Commerce Minister Rishad Bathiudeen at the Export Development Board.

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  • ‘Start making use of benefits given to industries’- Minister Rishad Bathiudeen

    19/07/2013 The Island

    02/01/2017
    ‘Start making use of benefits given to industries’- Minister Rishad Bathiudeen

    Rishad Bathiudeen (Minister of Industry & Commerce-centre) and Dr PB Jayasundara, (Secretary, Ministry of Finance and Planning-right) at the Forum on 'Government Strategy for Industrial Development of Sri Lanka' on 16 July held at the Ministry of Industry and Commerce, Colombo 3.

    Industrialists should make the maximum use of the many facilities and benefits given to them by the government. "To develop our industry sector, the government has given many facilities to our industries and industrialists should start making maximum use of them. As the facilitators of industry development of Sri Lanka, we thank Dr PB Jayasundara, the Secretary, Ministry of Finance and Planning for directly meeting our industrialists on 16 July and successfully explaining and updating them on the government policies on industries" said Rishad Bathiudeen, Minister of Industry and Commerce on 16 July in Colombo, as quoted in a press communiqués issued by the ministry.

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  • Lankan business delegation in South Africa

    14/07/2013 Sunday Observer

    02/01/2017
    Lankan business delegation in South Africa

    The visit of a Sri Lankan business delegation to South Africa is a joint initiative of the Sri Lanka High Commission in Pretoria and the Sri Lanka Export Development Board (EDB) and Tea Board for the participation of Sri Lankan exporters at the SAITEX 2013 International Trade fair held at the Gallagher Convention Centre in Midrand from June 30 to July 2.

    Leading Sri Lankan companies - DSI Tyres, Kelani Cables, Rathna Cinnamon Producers and Exporters, Queens Workwear, Nature's Secrets and Lalan Rubber - exhibited at the Sri Lanka pavilion while Basilur Tea Exporters and Sunshine Tea Exporters were at the Tea Board pavilion at the exhibition.

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  • Tunisia invites Lankan apparel suppliers for a joint venture

    13/07/2013 news.lk

    02/01/2017
    Tunisia invites Lankan apparel suppliers for a joint venture

    Tunisia, the fifth phosphate producer in the world and a high end, high speed apparel supplier to European fashion world is showing a new opening for Lankan apparel supply chains. And Tunisia is agog over Sri Lanka’s growth rates. “We are almost taken up by your strong GDP growth rates that exceed 6%. I congratulate Sri Lanka for its spectacular growth.

    hen you specially compare with the world economic growth rate, it’s such a leading rate” said Tarek Azouz, Ambassador of Tunisia to Sri Lanka on Wednesday (10).

    Azouz was addressing Rishad Bathiudeen Minister of Industry & Commerce during his courtesy call on Minister Bathiudeen at EDB premises in Colombo. Also present along with Minister Bathiudeen were Anura Siriwardena Secretary, Ministry of Industry and Commerce and Bandula Egodage Chairman, Export Development Board and officials from the Department of Commerce.

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  • Lanka rejuvenates a crucial export setup

    12/07/2013 news.lk

    02/01/2017
    Lanka rejuvenates a crucial export setup

    “Today is an important day in Sri Lanka’s exports sector. We are appointing the Advisory Committees of Sri Lanka’s premier national exports organization, the EDB, and also launching the next international mega event in our exports calendar which is the ‘EXPO 2014” said Minister Bathiudeen, and added: “The global markets continue to show changing demand patterns, not only due to the recent global economic crisis but also as a result of long term fundamental changes in overall global consumption and shifting world market patterns. For example, 66% of the world market and population growth in the next century is expected to come from Africa."

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  • EDB to develop medical, health tourism

    02/07/2013 Daily News

    02/01/2017
    EDB to develop medical, health tourism

    The Export Development Board (EDB) has identified the potential growth of global Medical Tourism sector and capability of Sri Lankan medical and health tourism providers. EDB has requested assistance of International Trade Center (ITC) to develop this sector.

    Accordingly ITC decided to have a case study in Sri Lanka health /medical tourism sector to access the capabilities of Sri Lanka in this sector and to benchmark Sri Lankan capabilities compared to the global Medical Tourism Industry.

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  • Lanka, Eu trade on the rise

    24/06/2013 Daily News

    02/01/2017
    Lanka, Eu trade on the rise

    Minister Bathiudeen with Ambassador Bernard Savage

    As bilateral trade volume closes in on the crucial $ 5Bn mark, historic dialogue between Sri Lanka and the European Union appears to bolster even further. “We look for better trade levels and also thank EU for its on-going support,” said Rishad Bathiudeen, Minister of Industry and Commerce.

    Minister Bathiudeen was addressing Ambassador Bernard Savage (Head of the Delegation to Sri Lanka and the Maldives from the European Commission) on 20 June during Amb. Savage’s farewell courtesy call on Minister Bathiudeen at the EDB premises, Colombo.

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  • Processed food exports top $ 73 m

    23/06/2013 Sunday Observer

    02/01/2017
    Processed food exports top $ 73 m

    “In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 million.

    Our overall processed food exports which stood at $ 67.1 million in 2010 rose to a strong $ 95 million in 2011,” said Minister of Industry and Commerce, Rishad Bathiudeen at the launch of the first International Food Safety and Compliance training sessions for Sri Lanka’s food exporters by Associate Professor of the Department of Food Science and Human Nutrition of the Washington State University, Food Scientist, Dr. Barbara Rasco, were held at the Ministry of Industry and Commerce.

    The pioneering session was organised by the Sri Lanka Food Processors’ Association and the Ministry of Industry and Commerce with the Spice Council and VEGA-FEG. The sessions were held from June 11 to June 21.

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  • Rishad, top Washington scientist start Lanka’s first Food Compliance

    19/06/2013 news.lk

    02/01/2017
    Rishad, top Washington scientist start Lanka’s first Food Compliance

    For the first time in Sri Lanka’s exports history, on June 11, a renowned global food scientist began  to extensively train Lankan food exporters on the much needed international regulatory compliance rules.

    Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka said that processed food has grown to become a key component of Sri Lanka’s overall annual food exports. In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 Mn. Sri Lanka's overall processed food exports which stood at $ 67.1 Mn in 2010 rose to a strong $ 95 Mn in 2011 added the Minister.

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  • ‘More Americans looking for Lankan spiced food’ – Dr Rasco

    19/06/2013 Daily News

    02/01/2017

    For the first time in Sri Lanka’s exports history, a renowned global food scientist began on June 11 to extensively train Lankan food exporters on the much needed international regulatory compliance rules. And processed food has grown to become a key component of Sri Lanka’s overall annual food exports.

    “In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 mn. Our overall processed food exports which stood at $ 67.1 mn in 2010 rose to a strong $ 95 mn in 2011,” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on June 11 in Colombo. Minister Bathiudeen was addressing the launch event of fist International Food Safety and Compliance Training session by globally renowned Food Scientist Dr. Barbara Rasco, Associate Professor of the Department of Food Science & Human Nutrition of the Washington State University.

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  • Sri Lanka cinnamon exporters required to adhere to specifications

    15/06/2013 Colombo Page News Desk

    02/01/2017
    Sri Lanka cinnamon exporters required to adhere to specifications

    Senior Minister for International Monetary Co-operation Dr. Sarath Amunugama has proposed to make it mandatory for Sri Lanka's cinnamon exporters to adhere to the specifications for Sri Lanka standard for exporting of cinnamon.

    The proposed measure is aimed at preventing the export of low quality cinnamon and enhancing the production of cinnamon in the country sustaining the livelihood of more than 350,000 families engaged in the industry, the government says.

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  • Sri Lanka, Austria talks on development projects

    13/06/2013 Daily News

    02/01/2017
    Sri Lanka, Austria talks on development projects

    The growth of bilateral trade between Sri Lanka and Austria, despite the economic recession in Europe and the steady increase in direct foreign investment from Austria augur well for the future of relations between Sri Lanka and Austria, External Affairs Minister Professor G L Peiris said.

    He said this during a meeting on Tuesday with Austria's Vice Chancellor (Deputy Prime Minster) and European and International Affairs Minister Dr Michael Spindelegge at the Foreign Ministry in Vienna.

    The ministers noted that Austrian companies are showing increasing interest in bidding for major infrastructure development projects, while others have already undertaken construction projects in Sri Lanka, including the Greater Colombo sewerage system rehabilitation project.

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  • Sri Lanka Economic Summit from July 9-11

    08/06/2013 Daily News

    02/01/2017

    The 14th annual Sri Lanka Economic Summit which scheduled to be held from July 9-11, 2013 in Colombo will have one of its sessions discussing about Sri Lanka's export strategy.

    The Government policy framework has targeted to raise the rate of growth in exports to double that of GDP growth, but exports as a % of GDP have halved from year 2000 to 2012. The share of exports of Sri Lanka as a percentage of world exports has also declined over the years to reach 0.06% by 2011. The basket of merchandise exports from Sri Lanka as well as our exports markets have remained largely unchanged over the last few decades. The foregoing situation and change in the global economic scenario, with Asia gaining ground over the West, require us to rethink our export strategy given the importance of exports to a small economy targeting to achieve sustained high economic growth in the future.

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  • Ayurveda Expo 2013 from July 12-14

    26/05/2013

    02/01/2017

    Ayurveda Expo 2013, the international indigenous healthcare exhibition organised by the National Chamber of Commerce of Sri Lanka (NCCSL) will be held at the BMICH from July 12 -14.

    The exhibition is held for the fourth consecutive time in Sri Lanka in collaboration with the Ministry of Indigenous Medicine, Ministry of Industry and Commerce and the Export Development Board.

    The objective of the exhibition is to showcase the potential of Sri Lanka's indigenous medical sector and its products and services for the tourism industry.
    Ayurveda 2013 Steering Committee Chairman Thilak Godamanna said many Sri Lankan and Indian organisations engaged in indigenous medical product manufacturing and services have already reserved stalls.

    He said delegations from Japan, India, Germany, South Africa and China (Shanghai) have confirmed participation in the exhibition.
    A Symposium on South Asian Traditional Medicine will be held on July 13 at the same venue, where world-renowned professionals in the sector will make presentations on the latest research findings in the sector.

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  • Lanka export acceleration push begins

    08/09/2004 Asian Tribune

    02/01/2017
    Lanka export acceleration push begins

    Rishad Bathiudeen (Minister of Industry and Commerce-second from left) briefs Anton Said (Chief of Export Strategy, ITC-second from right) about Sri Lanka’s export landscape on 13 August in Colombo as Anura Siriwardene (Secretary-Ministry of Industry and Commerce-far left) Bandula Egodage (Chairman & CEO, EDB-third from left) and Pablo Lo Moro (Senior Advisor-Export Strategy, ITC-seated far right) look on.

    Exports, being the lifeline of Sri Lankan economy, is a national priority. The urgency of exports accelerating strategy is such that it could kick-start even before its full design cycle is over. Meanwhile, Brand Sri Lanka packs hidden potentials that could be leveraged for national export growth.

    “At the end of the day the buck lands at somebody’s desk. Who is ultimately responsible? We can start implementing the export acceleration strategy while it is being designed and before it’s totally finalised. We may not need to wait until it is fully endorsed” voiced a determined Anton Said (Chief of Export Strategy, ITC) on 13 August in Colombo.

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